Tradeweb Markets (TW) Share-based Compensation (2018 - 2026)
Tradeweb Markets' Share-based Compensation was $29.81 million in Q2 2026, up 10.8% from $26.91 million a year earlier and up 18.9% from the prior quarter.
Powered by 
Analysis
Tradeweb Markets (TW) Share-based Compensation (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tradeweb Markets' Share-based Compensation was $109.31 million through Jun 30, 2026, up 10.8% year-over-year; for FY2025, it came in at $103.54 million, up 15.5% from FY2024.
- Share-based Compensation shows a five-year compound annual growth rate of 21.4% (FY2020 to FY2025).
- In earlier years, Share-based Compensation was $89.65 million in FY2024 (+37.7%), $65.13 million in FY2023 (-2.3%), $66.64 million in FY2022 (+28.3%) and $51.94 million in FY2021 (+32.2%).
- The Q2 2026 figure marks the highest quarterly Share-based Compensation since Q4 2019.
- Compared with a year earlier, Share-based Compensation has increased for three straight quarters, with growth averaging 19.8% over the last eight quarters.
- The best year-over-year quarter for Share-based Compensation over five years was Q2 2022 (growth of 69.0%); the worst was Q2 2023 (a decline of 25.0%).
- Per Business Quant data, TW's Share-based Compensation in the three quarters before Q2 2026 was $25.06 million (Q1 2026), $28.31 million (Q4 2025) and $26.14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 105.00 Mn |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | - |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 24.80 Mn |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 67.00 Mn |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 49.00 Mn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | - |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 32.00 Mn |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | - |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 15.60 Mn |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 29.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.81 Mn |
| Mar 31, 2026 | 25.06 Mn |
| Dec 31, 2025 | 28.31 Mn |
| Sep 30, 2025 | 26.14 Mn |
| Jun 30, 2025 | 26.91 Mn |
| Mar 31, 2025 | 22.19 Mn |
| Dec 31, 2024 | 23.36 Mn |
| Sep 30, 2024 | 26.17 Mn |
| Jun 30, 2024 | 23.72 Mn |
| Mar 31, 2024 | 16.40 Mn |
| Dec 31, 2023 | 20.46 Mn |
| Sep 30, 2023 | 17.35 Mn |
| Jun 30, 2023 | 15.71 Mn |
| Mar 31, 2023 | 11.61 Mn |
| Dec 31, 2022 | 17.21 Mn |
| Sep 30, 2022 | 14.76 Mn |
| Jun 30, 2022 | 20.96 Mn |
| Mar 31, 2022 | 13.71 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Sep 30, 2021 | 13.78 Mn |
API Access
Tradeweb Markets Share-based Compensation API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=share-based-compensation&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=share-based-compensation&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();